Short Interest Filing: Could BOARDWALK REAL ESTAT (OTCMKTS:BOWFF) See a Reversal After More Sellers Came In?

November 28, 2016 - By Richard Conner
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The stock of BOARDWALK REAL ESTAT (OTCMKTS:BOWFF) registered an increase of 8.61% in short interest. BOWFF’s total short interest was 7.18M shares in November as published by FINRA. Its up 8.61% from 6.61M shares, reported previously. With 200 shares average volume, it will take short sellers 35907 days to cover their BOWFF’s short positions. The stock closed at $32.88 during the last session. It is down 23.98% since April 25, 2016 and is downtrending. It has underperformed by 29.99% the S&P500.

Boardwalk Real Estate Investment Trust is an open-ended real estate investment trust. The company has a market cap of $1.49 billion. The Trust is focused on the acquisition, refurbishment, management and ownership, and where deemed appropriate the development, of multi-family residential communities within Canada. It has a 18.97 P/E ratio. The Trust owns approximately 32,950 residential units within the Provinces of Alberta, Saskatchewan, Ontario and Quebec, representing over 30 million net rentable square feet.

BOWFF Company Profile

Boardwalk Real Estate Investment Trust (Boardwalk REIT or the Trust), incorporated in 1994, is an open-ended real estate investment trust. The Trust is focused on the acquisition, refurbishment, management and ownership, and where deemed appropriate the development, of multi-family residential communities within Canada. The Trust owns approximately 32,950 residential units within the Provinces of Alberta, Saskatchewan, Ontario and Quebec, representing over 30 million net rentable square feet. The Company’s assets consist of mid-sized suburban and downtown apartment buildings, and regional, mid-sized community and neighborhood residential centers located in urban markets. Boardwalk REIT owns the beneficial interest in, and notes of, Top Hat Operating Trust (the Operating Trust), and the Operating Trust owns LP Class A Units. Boardwalk Real Estate Management Ltd. (the General Partner) is the general partner of Boardwalk REIT Limited Partnership (the Partnership). The General Partner is a subsidiary of Boardwalk REIT.

More notable recent Boardwalk REIT (USA) (OTCMKTS:BOWFF) news were published by: Prnewswire.com which released: “Boardwalk REIT Announces First Quarter Financial Results, the Acquisition of …” on May 12, 2016, also Business.Financialpost.com with their article: “Low-rate environment a doubled-edge sword for Canadian REITs” published on December 25, 2015, Theglobeandmail.com published: “REITs undervalued, primed for ‘rediscovery,’ advisers say” on October 16, 2015. More interesting news about Boardwalk REIT (USA) (OTCMKTS:BOWFF) were released by: Fool.ca and their article: “Forget About Rental Property. Buy These 3 REITs Instead” published on April 30, 2014 as well as Fool.ca‘s news article titled: “Can You Trust Dream Office REIT’s 9.3% Dividend Yield?” with publication date: December 16, 2014.